James Wolfensohn

James Wolfensohn is a former President of the World Bank, Chairman of Wolfensohn Private Investment Limited, and advisor to multiple businesses and governments. Previously, he was the Chairman of Citigroup's International Advisory Committee. In 1960, Wolfensohn brought only $300 from Australia to study at Harvard Business School in the United States. Entering Harvard University for further education was undoubtedly the first turning point in Wolfensohn's life. At the elite Harvard Business School, with two bachelor's degrees in literature and law from the University of Sydney, Wolfensohn began to shift his focus to studying finance. From graduating from Harvard Business School until the early 1980s, Wolfensohn remained unknown but down-to-earth in the financial industry in different countries. He first worked in the Australian economy and investment industry. In 1967, he arrived in London and became a senior manager of the Henry Schroder Investment Banking Group. Three years later, he returned to New York and became the head of Schroder's New York business unit. In 1976, he transferred to Solomon Brothers in the United States as the manager of its investment bank. The professional wisdom accumulated by Wolfensen in nearly 20 years of financial industry experience has finally been unleashed and exploded at Solomon Brothers. In 1980, Chrysler, located in Detroit, faced a survival crisis. Solomon Brothers provided critical loans to solve its long-term funding shortage and rescued it from the brink of bankruptcy. In this loan arrangement, Wolfensen played a crucial role, to the extent that the New York Times reported on his outstanding performance on the front page. More importantly, the New York Times' report made him famous and sparked the attention of Robert Quot, then the President of the World Bank; McNamara's attention. To some extent, Wolfensohn's success as the president of the World Bank opened a door. In 1981, he resigned from Solomon Company and founded James Quot himself; Dquota; Wolfensen Corporation. Wolfensen's company prospered and prospered on Wall Street, and was later acquired by Bankers Trust, a US bank. In this process, Wolfensen quickly accumulated wealth, and by the late 1980s, he had become a true millionaire. With the material support of millionaires, Wolfensohn began to focus on poverty and carry out various charitable activities. In March 1995, Clinton nominated Wolfensohn to replace Lewis Preston, who had retired due to illness, as the ninth President of the World Bank. From then on, Wolfensohn's life opened a new page, standing at the center of the global financial stage. During his ten-year tenure as the President of the World Bank, Wolfensohn brought significant changes to the operation of the world's largest development institution, refocusing the Bank's focus on its true goal of overcoming global poverty and helping the world's poor live a better life. Wolfensohn always insisted that the world should not be divided into rich and poor countries; Poverty in a region means that poverty is everywhere. For this reason, Wolfensohn made poverty eradication the most important task during his tenure as President of the World Bank